Growth in unlisted closed-end funds continues to accelerate even through unprecedented challenges the COVID-19 pandemic has created for the asset management space, according to UMB in its October 2020 report.
Interval funds are fast becoming the preferred unlisted closed-end fund (unlisted CEF) structure. Market share has grown from 19 percent at year-end 2014 to 53 percent as of March 2020. Interval funds are also the focus of product development, accounting for 84 percent of product launches over the last three years.
To read the full report, click here.
